Following an USD two million recall of its Milk Stout Nitro and IPAs last year, the Coloradoan craft brewer Left Hand Brewing is suing its yeast supplier, local media report.
Heineken and the Brazilian Coke distributors will begin arbitration in February 2018 regarding a distribution contract that the Dutch brewer decided to terminate as of 1 November 2017. The contract was to run until 2022, according to Brazilian media.
On 16 November 2017, the House of Representatives passed its version of the “Tax Cuts and Jobs Act”. No Democrats voted in favour of the Republican bill, which – if passed – would mark the most significant overhaul of the federal tax code since 1986, it was reported.
Craft beer, spirits and wine seem to have munched into Molson Coors business. During the third quarter 2017, net sales for Molson Coors Brewing fell 2.1 percent to USD 2.88 billion, compared to USD 2.94 billion in the same period last year, the company reported on 1 November 2017.
Will brewers soon have to defend their share of throat against wine, spirits and pot? It seems likely. Already there is talk in the industry that legalized pot could become the new craft beer. Legalized marijuana is expected to be a USD 50 billion business by 2026, up from USD six billion in 2016.
The consumer craze for craft beers continues to put pressure on the country’s major brewers. While beer consumption has stagnated for several years, the number of breweries has risen from 644 in 2015 to 775 in 2016. Over half of them are located in only two provinces: Ontario and Quebec.
Boston Beer is doing what AB-InBev is best known for – slashing costs. However, shareholders aren’t feeling the buzz, even though the company’s third quarter (until the end of September) results beat Wall Street’s estimates.
After five years with Stone, its Chief Operating Officer, Pat Tiernan, resigned at the end of October 2017. Stone did not put out a statement indicating why he had left or who would replace him.
This has the stuff of an award-winning PR campaign. It does not have any of that foam-at-the-mouth shrillness. It’s more tongue-in-cheek if anything. On 16 October 2017, the Brewers Association, the not-for-profit organisation that represents America’s 5,000+ small and independent brewers, announced the craft brewing community’s intent to “Take Craft Back” from the Big Brewers.
Is this the future? Constellation Brands, which sells Corona Extra beer in the US, is attempting to create cannabis-infused drinks, after the number three brewer in the US on 30 October 2017 reported it had acquired a 9.9 percent stake in the Canadian medical marijuana company Canopy Growth.